Cyber 'Tax' Drives SMBs to Raise Prices After Breaches
🔔 The Identity Theft Resource Center's 2025 Business Impact Report found that 81% of US small businesses experienced a data or security breach in the past year, and 38% raised prices as a result. Respondents attributed 41% of incidents to AI-enabled attacks, while external actors and malicious insiders were cited by 43% and 42% respectively. The ITRC warns that adoption of protections such as MFA is falling and advises SMBs to focus on people, process and technology defenses including out-of-band verification and AI-driven detection tools.
